North Atlantic Hurricane Models Key Features
Developed over 25+ years, the models provide the most comprehensive solution in the market for managing tropical cyclone risk. Geographic coverage spans 40 countries, including 20+ U.S. states, Canada, Mexico, Bermuda, Central America, the Caribbean, and offshore platforms in the Gulf of Mexico.
Robust Event Set
The models are informed by a single, basin-wide stochastic event set in the Atlantic that captures the impacts of wind and storm surge for the full spectrum of landfalling, bypassing, and transitioning storms, and similar event catalogs for the East Pacific and Hawaii.
Superior Hazard Data
The models employ high-quality satellite imagery to represent local variations in wind hazard, and they integrate a hydrodynamic surge modeling framework to capture the high fidelity impacts of hurricane-induced coastal flooding in the U.S. and parts of the Caribbean.
The North Atlantic Hurricane Models enable more effective risk differentiation and selection decisions at the local level. With over 1,750 unique vulnerability functions across a variety of building characteristics, regions, and lines of business, the models reflect the latest market practices, building codes, and building code enforcement, enabling accurate insights into vulnerability risk differentiation for underwriting and managing hurricane risk.
Unparalleled Validation and Acceptance
Gain accurate insights into potential losses to inform pricing decisions, support rating agency discussions, and determine reinsurance limit needs with confidence. The models have been extensively reviewed by clients, third-party experts, over $27 billion in detailed claims data and observations across 35+ historical events. This has supported 20+ years of FCHLPM certification in Florida and successful rate filings in 20+ states.
Feature Deep Dive
Version 21.0 of RMS North Atlantic Hurricane Models Certified by Florida Hurricane Commission on Loss Projection Methodology
NEWARK, CA – June 8, 2021 – Today, RMS®, the world’s leading catastrophe risk modeling and solutions company, announced that Version 21.0 of the RMS North Atlantic Hurricane Models was approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) on June 1, 2021, for use in residential rate filings with the Florida Office of Insurance Regulation. The certification applies to Version 21.0 hurricane models available on RiskLink® 21.0 and…
RMS Announces New Models and RiskLink Version 21.0
NEWARK, CA – May 5, 2021 – RMS®, the world’s leading catastrophe risk modeling and solutions company, today announces new models. Speaking at the annual RMS Exceedance conference, Mohsen Rahnama Ph.D., chief risk modeling officer and executive vice president, said: “Risk is increasingly complex and connected. RMS is focused on providing the highest quality and most transparent, robust catastrophe models to the industry in this environment. With the new…
North Atlantic Hurricane Version 21: Updated Event Rates that Reflect the Current Risk Landscape
With the release of the Version 21 (V21) updates to the RMS® North Atlantic Hurricane Models this summer, clients will be able to apply to their business the most current view of hurricane risk and market conditions throughout the North Atlantic Basin. This update incorporates new data and learnings from recent impactful seasons, including over US$6 billion of new claims data and insight, as well as the latest statistics on recent hurricane activity in the basin…
Atlantic Hurricane in 2020: Are We in Store for Another Record-Breaking Year?
In the midst of the 2020 Atlantic hurricane season, with storms forming in rapid sequence, records broken early in the season and four storms already producing significant damage in the Caribbean and U.S., whether we are headed for a record-breaking year is a good question. Various forecast agencies have issued mid-season updates, which signal prospects for the remainder of the season. But what about the 2020 season to date, and how does it compare to notably…
RMS Estimates Hurricane Delta Onshore Losses at $2bn-$3.5bn
RMS Estimates that Insured Losses from Hurricane Isaias Will Be Between US$3bn – US$5bn
NEWARK, CA – August 14, 2020 – RMS®, the world’s leading catastrophe risk solutions company, estimates that total insured losses from Hurricane Isaias will be between US$3.0 and US$5.0 billion. The estimate includes estimated losses to the National Flood Insurance Program (NFIP), which RMS expects to be between US$400m and US$700m. Hurricane Isaias insured loss estimates ranges for the U.S. and Caribbean (US$ billions): Region Insured…
RMS Estimates that U.S. Insured Losses from Hurricane Hanna Will Not Exceed USD $400 Million
NEWARK, CA – July 30, 2020 – RMS®, the world’s leading catastrophe risk solutions company, estimates that the U.S. insurance losses from Hurricane Hanna will not exceed $400 million. This estimate represents insured losses associated with wind and storm surge, including losses to the National Flood Insurance Program (NFIP). “Wind and storm surge-driven losses for Hanna are expected to be consistent with losses projected by RMS’ HWind…
RMS Achieves Industry First With Certified Florida Commission On Hurricane Loss Projection Methodology (FCHLPM) Hurricane Models Available Simultaneously On-Premise And Cloud
Newark, CA. - June 24, 2019 Today, RMS, a leading global risk modeling and analytics firm, announced that its Version 18.1 RMS North Atlantic Hurricane Models were approved by the Florida Commission on Hurricane Loss Projection Methodology (FCHLPM) on June 13, 2019, for use in residential rate filings with the Florida Office of Insurance Regulation. The certification applies to Version 18.1 hurricane models on both RiskLink 18.1 and the…
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